Global Blue Group (NYSE:GB) Sees Unusually-High Trading Volume

Shares of Global Blue Group Holding AG (NYSE:GB) saw unusually-strong trading volume on Friday . Approximately 19,407 shares changed hands during mid-day trading, a decline of 40% from the previous session’s volume of 32,155 shares.The stock last traded at $5.71 and had previously closed at $5.83.

Global Blue Group Price Performance

The stock has a market capitalization of $1.07 billion, a P/E ratio of 80.86 and a beta of 0.43. The stock’s fifty day moving average is $4.98 and its 200-day moving average is $4.94. The company has a debt-to-equity ratio of 5.92, a current ratio of 0.98 and a quick ratio of 0.98.

Institutional Investors Weigh In On Global Blue Group

A number of hedge funds have recently bought and sold shares of GB. Armistice Capital LLC boosted its holdings in Global Blue Group by 1.2% during the fourth quarter. Armistice Capital LLC now owns 1,214,475 shares of the company’s stock valued at $5,744,000 after acquiring an additional 14,600 shares during the period. Scalar Gauge Management LLC bought a new stake in Global Blue Group during the fourth quarter valued at about $1,083,000. Allspring Global Investments Holdings LLC boosted its holdings in Global Blue Group by 0.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 290,757 shares of the company’s stock valued at $1,524,000 after acquiring an additional 2,533 shares during the period. WCM Investment Management LLC boosted its holdings in Global Blue Group by 3.9% during the first quarter. WCM Investment Management LLC now owns 1,920,343 shares of the company’s stock valued at $10,063,000 after acquiring an additional 71,326 shares during the period. Finally, Sei Investments Co. boosted its holdings in Global Blue Group by 4.1% during the first quarter. Sei Investments Co. now owns 100,789 shares of the company’s stock valued at $528,000 after acquiring an additional 4,000 shares during the period. 89.66% of the stock is currently owned by institutional investors.

Global Blue Group Company Profile

Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers in Europe, the Asia Pacific, and internationally. The company operates in three segments: Tax Free Shopping Technology Solutions (TFSS), Added-Value Payment Solutions (AVPS), and Retail Tech Solutions (RTS).